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S corporation and quarterly estimates
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Dan Loehr
Posted 7/13/2020 17:19 (#8371658 - in reply to #8371634)
Subject: RE: S corporation and quarterly estimates


Holland, Indiana (SW IN)
Cornstalk1 - 7/13/2020 16:58

If you pay your federal tax on February 28th you do not need to make quarterly payments. If you pay your federal income tax on April 15th you make quarterly payments for the next year. If you extend to September then you need to make estimates for the year you are being taxed. I don't know much about your CPA but if he just crunches the numbers that you bring in after the first of the year then you are not using him very well. If you tax plan with him in December and you get good management advice then you are using your CPA correctly.


Cornstalk1 is the man--- just like my accountant laid it on me

Dan

Edited by Dan Loehr 7/13/2020 17:20
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